High Appraisals

Ok In the last 2 weeks have had 3 BPO's or Appraisals come back 20,000 to 30,000. over the market comps,and lenders asking for 88% of the amount to there Net. Which is higher than any comps even in the last year here in Nevada.
Anyone one else seeing this new trend starting to happen?

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Comment by John Treadwell on December 4, 2010 at 12:07pm
Thanks for the insight , The banks in a short sales most of the time don't share there Appraisals. Once in a while I get there price point ,but never a copy of it.
Comment by Jim Schneider on December 3, 2010 at 8:10pm
Perhaps you could post a few specifics on the bpo's in the bpo forum and I and other members there would be happy to give some insight. Did you get a copy of the bpo's/appraisals? Were these interiors or exteriors? Were there any needed repairs? If you did see comps, do they seem like poor matches for the property or just not the best price for getting your offer through?

I do have a lot of bpo experience, and when you know the rules, you can play the game a lot better.

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